Russia
IGU: Global Liquefaction Capacity Expected to Grow by 75% by 2030
The International Gas Union (IGU) expects global liquefaction capacity to reach 700 mtpa by 2030, up 75% from 2023, driven by new FIDs and the start-up of other projects under construction.
Gaps in EU's Preparation for Potential Gas Crises, Auditors Say
Despite the EU's overall reliance on Russia dropping significantly, auditors say the EU is insufficiently prepared to weather a future gas crisis.
EU Adopts New Sanctions Against Russia, Including LNG
New restrictions aim to reduce Russia's profits from LNG, hitting the country's gas exports for the first time, but experts say it will likely have little impact on Russian revenues.
Oil Prices Ease on Strong Dollar, Mixed Global Economic News
Crude prices declined despite signs of improving U.S. oil demand and falling fuel inventories that helped boost crude prices to a seven-week high a day earlier.
What's Affecting Oil Prices This Week? (June 10, 2024)
Stratas Advisors says the latest EIA report illustrates that U.S. production growth has stagnated with U.S. oil production remaining at 13.1 MMbbl/d, which is unchanged from the previous 12 weeks.
Energy Transition in Motion (Week of June 7, 2024)
Here is a look at some of this week’s renewable energy news, including the International Energy Agency’s forecast on clean energy investment reaching $2 trillion this year.
Paisie: Oil Prices to Range Between $86-$88 in Second Half of 2024
Supply and demand dynamics overtake geopolitical instability from the Middle East to Ukraine in influencing oil prices.
OPEC+ Working on Complex Oil Cut Extension Deal for 2024-2025, Sources Say
The OPEC+ deal might include extending some or all of the current voluntary production cuts of 2.2 MMbbl/d.
Calmer Waters May Be Ahead for Oil and Gas, Despite Wild Cards
Looking forward, while supply disruptions remain a possibility, the energy market’s nervousness is easing.
US Weighs Additional Sanction Steps as Russia Shifts War Footing, White House Says
Russia-China trade has dropped since U.S. President Joe Biden had expanded Treasury's ability to target financial institutions, adding authorities may expand further.